Ashton Thomas Wealth Sells Shares in Schwab Bond ETF, Other Firms Boost Holdings

Ashton Thomas Private Wealth LLC has reduced its stake in the Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 1.6% during the second quarter of 2023. This decision, disclosed in a recent 13F filing with the Securities and Exchange Commission, leaves the firm with 242,913 shares following the sale of 3,882 shares during the quarter. The value of Ashton Thomas’s holdings amounts to approximately $5,645,000.

The changes in share ownership reflect broader trends among institutional investors. Several firms have recently made significant adjustments to their holdings in SCHZ. Notably, Jane Street Group LLC increased its position by an impressive 1,165.6% in the first quarter, now owning 2,274,341 shares valued at $52,674,000, after acquiring an additional 2,094,632 shares.

Ascent Group LLC also expanded its investment, boosting its holdings in the ETF by 260.0% in the same quarter. They now own 1,291,417 shares, worth approximately $29,909,000, following the addition of 932,671 shares. Similarly, Vident Advisory LLC raised its stake by 145.3%, bringing its total to 1,109,646 shares valued at $25,699,000 after acquiring 657,360 shares.

In another notable move, Cardinal Point Capital Management ULC significantly increased its holdings by 6,517.7% in the second quarter, now owning 635,697 shares worth approximately $14,774,000 after adding 626,091 shares. Additionally, JPMorgan Chase & Co. lifted its stake by 4.7%, now holding 12,267,223 shares valued at $284,109,000, following the acquisition of 546,711 shares.

Despite the changes in holdings, the Schwab U.S. Aggregate Bond ETF has seen a slight increase in its share price. As of Monday, SCHZ opened at $23.67. Over the past year, the ETF has reached a low of $22.43 and a high of $23.71. The ETF’s 50-day moving average stands at $23.44, with a 200-day moving average of $23.14.

The Schwab U.S. Aggregate Bond ETF, launched on July 14, 2011, is designed to track the Bloomberg U.S. Aggregate Bond Index. It encompasses a diverse range of U.S. investment-grade fixed-income securities, including corporate, government, and mortgage-backed securities. This broad focus allows investors to gain exposure to a wide array of fixed-income assets within a single fund.

Investors interested in updates on the Schwab U.S. Aggregate Bond ETF can receive daily summaries of news and analysts’ ratings through MarketBeat’s free email newsletter.